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Monday, July 16, 2007
Odd day
The Dow was the only index that finished up today as it flirted with 14000 early this afternoon. "It's an odd day -- most everything is down, and it's just the Dow, a few of the big Dow names, are up," said Jim Paulsen, chief investment strategist at Wells Capital Management. IHOP, the company behind the well-known pancake houses, gained 9.1% after it agreed to buy Applebee's International, the largest casual-dining restaurant chain, for $2.1 billion. I wonder if Applebee's will begin to serve breakfast?
DJIA +43.73 Nasdaq -9.67 S&P 500 -2.98
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